ACKNOWLEDGEMENT First of all‚ I would like to thank Almighty God for giving me the strength to do this SBA‚ Mrs. Clovetta Campbell and finally my Principles of Accounts teacher Ms. Williams who helped me along the way. AIMS OF THE BUSINESS The aim of the business is to achieve exposure of what goes on in the business world. The aim of this business is to also know how to prepare Accounting Ratios‚ how to operate a business and how to achieve customer satisfaction and to attain profit
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Types of Receivables Accounts Receivable: amounts due from customers for sales on credit. Businesses sell to customers on credit in an attempt to increase their sales. Also called Trade Debtors. Bills Receivable: similar to accounts receivable but bills receivable are a legal instrument. Interest is charged on the bill receivable and it usually gives more time to pay than accounts receivable. interest receivable‚ rent receivable Accounts Receivable Recognition of accounts receivable Recorded
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* INTRODUCTION TO DEMAT ACCOUNT: * EVOLUTION OF DEMAT ACCOUNT: The term "demat"‚ in India‚ refers to a dematerialised account for individual Indian citizens to trade in listed stocks or debentures in electronic form rather than paper‚ as required for investors by the Securities and Exchange Board of India (SEBI). In a demat account‚ shares and securities are held electronically instead of the investor taking physical possession of certificates. A demat account is opened by the investor
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EXAMPLES OF ACCOUNTS FALLING UNDER EACH ACCOUNTING EQUATION ELEMENT: Current Assets Cash - A current asset account which includes currency‚ coins‚ checking accounts‚ and undeposited checks received from customers. The amounts must be unrestricted. (Restricted cash should be recorded in a different account.) Petty Cash Fund - A current asset account that represents an amount of cash for making small disbursements for postage due‚ supplies‚ etc. Notes Receivable - An asset representing the
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Journal of International Development: Vol. 4‚ No. 6‚ 567-581 (1992) THE APPROPRIATE ROLE OF AGRICULTURAL INSURANCE IN DEVELOPING COUNTRIES PETER B. R.HAZELL* Agriculture and Rural Development Department‚ The World Bank Abstract: Multiple-risk crop insurance programmes have proven expensive to governments but have not lived up to their expectations. Many agricultural risks cannot be insured on a financially sound basis‚ but there is scope for increased insurance of farm assets‚ of the
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In-text: (Insidebusiness360.com‚ 2014) Bibliography: Insidebusiness360.com‚ (2014). Why Opening a Coffee Shop is a Great Business Opportunity by R.L Hanlon | Inside Business 360 In-text: (Nerdr.com‚ 2014) Bibliography: Nerdr.com‚ (2014). Starting a Cafe or Opening a Coffee Shop | NERDr.com In-text: (Small Business - Chron.com‚ 2014) Bibliography: Small Business - Chron.com‚ (2014). What Are the Strengths to Opening a Coffee Shop?
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| · Check the address as per IncomeTax record and obtain any evidence available in this regard.· If there is any change in the address till the date of signing of the report‚ check that new address is mentioned in Form 3CD. | 3 | | Permanent Account Number | : | Verify from the PA Card or any other document. | 4 | | Status | : | Company/Firm/AOP etc. | 5 | | Previous Year Ended | : | 31st March | 6 | | Assessment Year | : | | P A R T – B 7 | (a) | If firm
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Demat‚ in India‚ refers to a dematerialised account. For individual Indian citizens to trade in listed stocks or debentures. The Securities Exchange Board of India (SEBI) requires the investor to maintain a Demat account. In a demat account shares and securities are held in electronic form instead of taking actual possession of certificates. A Demat Account is opened by the investor while registering with an investment broker (or sub broker). The Demat account number which is quoted for all transactions
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Submit Form 15G or 15H to avoid Tax Deducted at Source Delayed tax refunds can be frustrating. After all‚ what can be worse than waiting for your own money to come back to you? This is why financial advisers suggest planning one’s taxes well in advance and avoid overpayment. The start of the financial year is‚ perhaps‚ the best time to do so. Submit the Forms 15G or 15H right away to avoid the tax deducted at source (TDS) on your investments‚ if your income is below the exemption limit. From this
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Accounts receivable is a legally enforceable claim for payment from a business to its customer/clients for goods supplied and/or services rendered in execution of the customer’s order. These are generally in the form of invoices raised by a business and delivered to the customer for payment within an agreed time frame. Accounts receivable is shown in a balance sheet as an asset. It is one of a series of accounting transactions dealing with the billing of a customer for goods and services that the
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